As they age, it’s hard for parents to become dependent on their adult children. The role reversal is not an easy one from caregiver to patient. Take advantage of estate planning lawyers who specialize in elderly practice, instead of leaving it to chance. These companies are well versed in protecting seniors and their families and will help adult children and elderly parents achieve a smooth transition. For more information, visit their website at Oren Ross & Associates
Select a Will Solicitor who specializes in elderly law first
All companies are not the same. Although helping with elderly law problems is possible for a lawyer, it is better to choose one who specializes in writing a will and other legal records, such as a medical order. An attorney with this expertise will understand what papers are available and will be able to help protect the properties of a client and handle estates and trusts.
Before picking one to partner for, it’s a smart practice to interview a few companies. Ask if they’re a part of educational associations like the Elder Law Lawyers National Academy, Inc. or the Special Needs Alliance. Lawyers have demonstrated their loyalty to seniors and their communities through these organisations.
Second, Long-term Disease Scheme
No one likes to hear about long-term diseases, but the fact is that 12 million older Americans will need some sort of long-term disease treatment by 2020. A research recently conducted by the U.S. Department of Health and Human Services showed that persons aged 65 years of age had a 40 percent risk of attending a nursing home. 10% of these persons are projected to be able to remain for longer than five years.
Long-term care is costly and no one wishes their families to be a burden. There’s a difference in qualifying rates for Medicaid and being able to pay fully out of pocket for long-term care – even affluent people can have trouble spending up to $130,000 a year for a long-term care center. Estate planning lawyers will help you properly and lawfully divide your properties in case you need expert treatment.
Third, with the help of estate planning lawyers, Spell It Out
No parent needs to hear about arguing over medical directives or money for their children. Until consulting with a lawyer to write up a will, parents can sit down with their children to ensure this does not happen. Such legal papers, including a durable power of attorney, a medical order, trusts, and more can be recommended by an attorney. The main thing is to keep kids and their partners aware of your decisions, so that as these papers become necessary, there is no surprise.